Redbox, Coinstar And ecoATM Owner Outerwall Buys Gadget Trade-In Site Gazelle For $18 Million

(Techcrunch, November 3, 2015) – Outerwall, the automated kiosk operator that runs Redbox, Coinstar and ecoATM machines, has made a move into e-commerce with the acquisition of Gazelle.com – an online site that buys and sells pre-owned consumer electronics, including smartphones, tablets, desktop and laptop computers. The company announced the deal in its most recent earnings, noting that Outerwall had agreed to buy “certain assets and liabilities” of Gazelle.com for $18 million in cash.

The deal, which will be subject to certain adjustments to account for net inventory at the time of closing, is expected to close during the fourth quarter.

Gazelle.com, as you may already be aware, has become a popular destination for those looking to buy certified pre-owned devices or get cash for their used electronics. Launched online in 2008, the site offers an easy online trade-in service which gives consumers instant quotes for their device, and free shipping. Gazelle helpfully sends a box for you to package your item, to make the process of selling your device even simpler.

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